Bitfury Launches $1 Billion Initiative to Advance Ethical Emerging Technologies
Today, Bitcoin miner turned technology incubator Bitfury announced its pivot to an investment firm with the launch of its $1 billion funding initiative, which seeks to back a new generation of ethical innovators.
Bitfury Group Announces Planned Distribution of Shares in Cipher Mining Inc. to Diversify Shareholder Base for Cipher and Unlock Potential ValueAMSTERDAM, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Bitfury Group ("Bitfury" or the "Company"), a leading full-service blockchain technology company, is pleased to announce a planned distribution of shares in Cipher Mining, Inc. ("Cipher") aimed at unlocking potential value both to Bitfury's underlying shareholders and other shareholders of Cipher.
Bitfury Group Announces Sale of 10 Million Shares of Cipher Mining Inc. Common Stock and Lock-Up Agreement for Remaining HoldingsAMSTERDAM, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Bitfury Group (“Bitfury” or the “Company”), a leading full-service blockchain technology company, announced today that it has sold 10,000,000 shares of the common stock of Cipher Mining Inc. (
NASDAQ:CIFR) (“Cipher”) at a price of $2.95 per share in a privately negotiated transaction. Cipher, a U.S.-based Bitcoin mining company, operated as a subsidiary of Bitfury prior to August 27, 2021. The common shares were offered pursuant to Cipher’s Form S-3 shelf registration statement and represent 4.95% of Bitfury’s current ownership of Cipher’s common shares. Bitfury will receive all net proceeds from the sale.
